12.Total labor force= employed labor+unemployed labor=20+2 =22 million
Hence, option B is correct
13. Employment -Population rate=65%=Employed population/Total working age Population=20million/Total working age population Hence, Total working age population=20/0.65=30.769230million=30,769,230
Hence, option C is correct
14. labor force participation rate= Total population employed or seeking employment/Total working age population=(20+2)/30.769230=0.715 or 71.5%
Hence Option D is correct
15. Employment ratio is same as employment to population ratio i.e Total employed population/ total working age population=65%
Hence ,option B is correct
16. Total population=Total working age population+Population not of working age=30,769,230(as calculated in 13)+12,000,000 (given)=42,769,230
Hence, option C is correct
Questions 12-16 Gamma's Labour Force Metrics in 2019 Employment 20,000,000 Unemployment 2,000,000 Unemployment rate A=? Labour...
Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income taxes 4. Government expenditures 5. Consumption expenditures 6. Gross investment 7. Imports 8. Corporate profits before taxes 9. Personal disposable Income 10. Net Investment 11. Capital stock on January 1, 2019 Billions of $ 2250 100 300 600 1400 250 75 350 1900 225 30000 1. GDP was a) $2175 billion b) $2275 C) $2300 d) $2325. Depreciation was a) So billion b) $25...
a) Prices and output increase. b) Prices and output decrease. c) Prices increase and output decreases. d) Prices decrease and output increases 18. Assume that the Canadian economy is experiencing a deflationary (recessionary) gap and neither the Government nor the Bank of Canada are not planning corrective measures (policies). What will happen to Canadian prices and output (real GDP) as the economy slowly regains macroeconomic equilibrium? a) Prices and output will increase. b) Prices and output will decrease. c) Prices...
Fill in the missing values in the table Working Age Population Value Employment 19,394,700 Unemployment Unemployment rate 8.0% Labour force Labour force participation rate 67.1% Employment-population ratio
Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour fo employment-population ratio to one decimal place.) Value 19,414,100 Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio
Table 1 Total population Working-age population Employment Unemployment 20,000 15,000 1,000 100 2) Refer to Table I. The unemployment rate for this simple economy equals A) (100/1,000) x 100. B) (100/1,100) x 100. C) (100/15,000) * 100. D) (100/20,000) 100. 3) Refer to Table 1. The labor force participation rate for this simple economy equals A) (1,000/1,100) x 100. B) (1,000/15,000) 100. C) (1,100/15,000) x 100. D) (1,100/20,000) * 100. 4) Suppose the working-age population of a fictional economy falls...
Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour force to the nearest whole number. Round your response for employment-population ratio to one decimal place.) Value 19,301,600 Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio 8.5% 67.1%
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
Fill in the missing values in the table of data collected in a labour force survey in October 2015 for a particular region. (Round your responses for unemployment and labour force to the nearest whole number. Round your response for employment cash–population ratio to one decimal place.) Value 19,321,300 Working Age Population Employment Unemployment Unemployment rate Labour force Labour force participation rate Employment-population ratio 9.0% 65.0%
In a recession, typically A. the employment rate decreases. B. the labour force participation rate increases. C. unemployment decreases. D. the employment rate increases.
If the labour force participation rate is 66.5% and the unemployment rate is 8.4%, the corresponding employment rate must be a. 58.1% b. 56.5% c. 60.9% d. 69.5% e. 74.9%